1806 SE 15th St, Mineral Wells, TX, 76067 | $67/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1806 SE 15th St, Mineral Wells, TX, 76067 | $67/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Mineral Wells at 1806 SE 15th St, Mineral Wells, TX, 76067 uses $101,107 cash to close to unlock $803/yr annual cash flow and $67/mo monthly cash flow. Total monthly income runs $2,236/mo, and a $1,493/mo payment keeps the spread at $67/mo. Purchase price stands at $304,999, and rental yield measures 8.8% with $2,236/mo rent. Return on cash invested shows 20.7% in year one, and 5% annual appreciation builds toward $84,266 over five years. Five-year ROI reaches 108.3% and total cumulative return in cash records $109,497. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,236/mo property income covering a $1,493/mo payment rather than investor’s personal income.

Single Family

Built in 2007

10,802 sqft lot

$N/A/sqft

No HOA

More details about the property

This beautifully maintained 3 Bedroom, 2 Bath brick home in Mineral Wells Texas is a perfect blend of comfort, functionality, and convenience. Step inside to a bright, open living area featuring vaulted ceilings that create a spacious airy feel with a kitchen featuring ample counter space and storage with stainless steel appliances, a separate dining area with a tray ceiling, and a laundry room conveniently located right off of the kitchen. This home features a split floor plan with the master suite on one side of the home and the two additional bedrooms on the opposite side, offering privacy and separation for family members and guests. There is also a large bonus room ideal for a second living area, game room, home office, extra bedroom, or a flex space to fit your lifestyle. This property offers a detached garage with rear street access as well as double off street parking in the front driveway for easy everyday convenience. Additionally you can enjoy outdoor living with a covered front and back porch, and plenty of privacy in the fully fenced back yard, perfect for kids, pets, and gatherings. This move in ready home is ideally located between Lamar Elementary and the Mineral Wells Junior High with quick and easy access to shopping, dining, parks, downtown, and all that Mineral Wells has to offer.

Neighborhood Data

Neighborhood data shown for ZIP Code: 76067, Mineral Wells, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,166 (100%)
Owner Occupied HU	5,343 (58.3%)
Renter Occupied HU	2,995 (32.7%)
Vacant Housing Units	828 ( 9.0%)
Median Home Value	$176,632
Average Home Value	$235,364